Travelzoo Reports Q1 Loss, Shares Fall

Web travel site Travelzoo (TZOO) missed
even Wall Street's lowered
expectations for earnings, turning
in a loss of $0.08 per share, compared to a $0.25 profit in
the same quarter last year. The Street had been expecting a
profit of $0.08 a share, but Wedbush Morgan Securities Analyst
Edward Woo lowered his first-quarter estimate to $0.02 hours
before the company reported this afternoon.

Revenue of $20.9 million came in slightly higher that the $19.7
million expected by the Street. CEO Ralph Bartel chalked up the
earnings miss to "aggressive expansion in Asia Pacific and
Europe" -- which is why Woo knocked down his targets in advance.
No mention of the company's fondness for
very expensive real estate.

TZOO fell 5.49% to $12.23 a share on Monday, and then dropped
another ten cents in after-hours trading.